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Ian
Watt: Hi good afternoon it’s Ian Watt in Downtown Vancouver. There is
such a thing called subject to sale it means you got a property you
found one you really like but you write an offer on this new property
saying I want to tie up to this property for ex amount of dollars. But
one of the condition is I need to sell my property. No buyer should get
into a subject to sale contract in this kind of market. In a rising
market no problem because what you’re doing you’re tying up that
property at this price and if the market keeps going up and up and up.
No problem you probably made $5,000 or $10,000 or $20,000 dollars
because the market is rising before you even complete or before you even
sell your property. However in a stagnant market like this or a
declining market like this. You're buying

at
today’s rate but what if 2 months from now the price is drop 5% you’re
kinda screwing yourself to $25,000 dollars, $50,000 dollars who knows
the best thing to do in this market sell your property and then go
shopping when you got the cash in your hands. My name is Ian Watt if you
have any questions you can always email me at ianwatt@ianwatt.ca. Thank you very much and have a great day!